Executive Profile*

Kenneth T. Derr

Background*

Mr. Kenneth T. Derr, also known as Ken, served as the Chairman and Chief Executive Officer of Chevron Corporation, from 1989 to 1999. Mr. Derr served as the Chief Executive Officer of Calpine Corp. since November 29, 2005. He served as the President of Chevron USA Inc. from 1979 to 1984 and its Vice President from 1972 to 1979 and Assistant to the President from 1969 to 1972. He joined the Chevron Corporation in 1960. Mr. Derr served as the Chairman of Calpine Corp. ... until May 22, 2008. He served as Vice Chairman of Chevron Corporation from 1989 to 1999. He has been a Director of AT&T Corp., since 1995. He has been a Director of Citigroup Inc. and Citigroup Finance Canada Inc. since 1987. He serves as a Director of Committee Encouraging Corporate Philanthropy. He served as a Lead Director of Calpine Corp. and its Director from May 2001 to May 22, 2008. He served as a Director of Chevron Corporation from 1981 to 1999. He served as Director of Halliburton Company from 2001 to May 20, 2009. He served as a Director of CitiCorp. from 1987 to April 2009. Mr. Derr serves as a Director of the American Petroleum Institute, a Member of The Business Council, The Business Roundtable, The California Business Roundtable, Council on Foreign Relations, and the Board of Overseers of the Hoover Institution; Co-Chairman of the Committee to Encourage Corporate Philanthropy; Director of American Productivity, Quality Center and Potlatch Corporation and University of California at San Francisco Foundation, The Basic Fund. He serves as Trustee Emeritus of Cornell University. Mr. Derr obtained a Master of Business Administration from Cornell University in 1960 and a Bachelor of Science Degree in Mechanical Engineering from Cornell University in 1959.

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